Prison Labor: The Local Effects of Ohio Prison Industries

Prison labor has both positive and negative effects. Keeping prisoners active, training and socializing them to be productive citizens after prison, and helping to pay for their incarceration are some of the positives. Potential crowding out of free labor and industry is the major potential negative. This paper addresses the quantitative financial and employment consequences on local free labor and industry of prison industries in Ohio using an input–output model for Ohio. Based on the analysis, prison industries employment in Ohio has negligible to positive employment consequences for the Ohio economy and partially offsets the incarceration cost of the inmates who participate – providing between 5 and 10 percent of the incarceration cost in net cash flow and induced tax revenues.Presented at the 59th International Atlantic Economic Conference, London, March 9–13, 2005.     

Remote Leadership,Communication Effectiveness and Leader Performance

As remote work arrangements have gained in popularity, workforce dispersion has become increasingly widespread. Little research to date has examined how physical distance influences leader–follower communication effectiveness or leader performance. Building on top of transformational leadership theory, this paper explores how perceived leader performance is influenced by leadership style, physical distance, and communication effectiveness between leaders and followers. A survey of 138 followers, reporting to a total of 41 leaders, was conducted and data were analyzed at the individual follower-level using the Partial Least Squares (PLS) technique. Our model explained 45% of the variance in communication effectiveness and 67% of the variance in perceived leader performance. Consistent with past empirical findings, transformational leadership was associated more strongly with perceived leader performance than transactional contingent reward leadership. Communication effectiveness was also a strong predictor of leader performance, and furthermore acted as a mediator of leadership behavior on performance. Surprisingly, distance had no influence on either communication effectiveness or perceived leader performance. Implications for theory and practice are discussed.     

Robustness of Forecasting Financial Crises in Emerging Market Economies with Data Revisions—A Note

Data revisions routinely introduced by the World Bank can lead to significant revisions in empirical results. We show this by re-estimating our aggregate indicator for predicting the 1997 Asian crisis utilizing the 1999 and 2004 updates of the 1996 World Bank data and comparing these results to those we obtained (this Journal, 2000) for predicting the same event using the original, unrevised, 1996 World Bank data. Since most data-gathering organizations routinely revise their data, this may represent a much greater problem for policy makers than might be recognized.